Affinius Capital Originates $33M Loan For 10 Federal

Affinius Capital LLC announced today the origination of a $33.5 million refinancing loan for a 10 Federal self-storage portfolio of 13 self-storage facilities spanning 3,600 units across five states. Properties in the geographically diversified portfolio are in Colorado, Georgia, North Carolina, Texas, and Tennessee. The loan will support the portfolio’s ongoing lease-up efforts and operational stabilization.

Affinius Capital Senior Vice President Tyler Figley said, “This transaction represents a compelling opportunity to expand our presence in self-storage, a growing asset class that adds meaningful diversification to our portfolio. We look forward to partnering with 10 Federal Storage, a highly experienced team with a proven track record in developing and operating self-storage assets.”

The portfolio features a strategic mix of drive-up, multiple-access entry, and climate-controlled self-storage units of various sizes as well as parking spaces and outdoor storage options. Individual properties in the portfolio offer controlled gate access, Smart Lock technology, and 24/7 digital security surveillance.

With properties located in five states, the portfolio offers geographic diversification across markets targeted because of their favorable demand dynamics and employment trends. 10 Federal Storage uses data analytics and technology throughout its operations to streamline processes, enhance the customer experience, and improve property performance.

The financing was arranged by Don Williams, Tom McHugh, and Mary Neill McKie of Medalist Capital. 

About Affinius Capital LLC

Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $63 billion in gross assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.